Marvell announces $115 billion Lumentum acquisition
Marvell announced plans to acquire optical-component maker Lumentum for $115 billion, SiliconANGLE reported. Lumentum shareholders would receive 4.5 Marvell shares for each share they own. Marvell expects the transaction to close in the first half of 2028.
42AI emerges from stealth with $62.5 million raised over three years
Israeli startup 42AI emerged from stealth with $62.5 million in seed funding accumulated over three years from its founders and Infinity Group, TechCrunch reported.
Larridin raises $30 million to measure enterprise AI spending
Larridin has raised $30 million in Series A funding led by Pelion Ventures, bringing its total financing to $47 million, Unite.AI reported. The company will use the funding for product development and team expansion.
Clark raises $11M and launches AI agents for audit work
Clark said Monday it raised an $11M seed round led by Touring Capital and launched Clerks, AI agents that carry out audit tasks for accounting firms. Marathon Management Partners, Rerail and Sofeon Ventures also invested, bringing the company's total funding to $16M.
Tutor raises $75M Series B led by a16z
Tutor raised a $75M Series B led by a16z, bringing its total funding to $117M, Forbes reported. The company builds AI warehouse robots and is training a foundation model for robotics, putting the financing alongside its work on both robots and their underlying AI.
AWS makes Nova Multimodal Embeddings available in GovCloud
AWS says Amazon Nova Multimodal Embeddings is now available in AWS GovCloud (US), allowing its document retrieval and image comparison capabilities to run inside that boundary.
